“Adam Smith’s image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments, in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the “impartial spectator” which is forced on us by our moral nature.”

— Ted Malloch

Source: Doing Virtuous Business (Thomas Nelson, 2011), p. 108.

Adopted from Wikiquote. Last update June 3, 2021. History

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Ted Malloch 36

American businessman 1952

Paul Ormerod book The Death of Economics

Source: The Death of Economics (1994), Chapter 10, Economics Revisited, p. 212

“(…) Gandhi also distanced himself from classical economic theory. Adam Smith’s assertion that it is in the nature of each individual to pursue his or her own self-interest in the marketplace and that “it is his own advantage, indeed, and not that of the society, which he has in view,” was anathema to Gandhi.54 He believed in a virtuous economy in which the community’s interest superseded individual self-interest and argued that anything less depreciates the happiness of the human race.”

Jeremy Rifkin (1945) American economist

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (2014)

“Smith’s own theory, as given in the first five editions, is for the most part a theory of moral judgement —that is to say, it is an answer to the second question set out in the initial description of the subject of philosophical ethics. […] There is no thoroughgoing inquiry of what constitutes the character of virtue, as required by the first of the two questions, even though the historical survey at the end of the book deals with both questions in turn and, as it happens, gives more space to the first topic, the character of virtue, than to the second, the nature of moral judgement.
The fact is that Smith did not reach a distinctive view on the first topic. He has a distinctive view of the content of virtue, that is to say, a view of what are the cardinal virtues; but he does not give us an explanation of what is meant by the concept of moral virtue, how it arises, how it differentiates moral excellence from other forms of human excellence. […] I think that, when Smith came to revise the work for the sixth edition, he realized that he had not dealt at all adequately with the first of the two questions, and for that reason he added the new part VI, entitled ‘Of the Character of Virtue’, to remedy the omission. It is not, in my opinion, an adequate remedy, and it certainly does not match Smith’s elaborate answer to the second question. […]
Since the second of the two topics, the nature of moral judgement, is the main subject of both versions of Smith’s book, I shall give it priority in what follows. There is in fact a clear development in Smith’s view of this topic, especially in his conception of the impartial spectator, the most important element of Smith’s ethical theory.”

D. D. Raphael (1916–2015) Philosopher

The Impartial Spectator: Adam Smith's Moral Philosophy (2007), Ch. 1: Two Versions

“There are two main reasons that Kant refuses to allow that sympathy or any other empirical sentiment or desire could constitute the foundation of morality. One is that no sentiment of this kind can yield the kinds of objective and universal principles that morality requires. They can approximate to this only by claiming a greater empirical uniformity in human nature than experience shows to be there. […] Kant’s other main reason for rejecting sympathy or love as the basis of morality involves his view of the empirical psychology of these feelings as they arise in us in our social condition, and especially in the “civilized” condition of modern European society.”

Allen W. Wood (1942) academic

Kantian Ethics (2008)

“The global reach of Smith's moral and political reasoning is quite a distinctive feature of his thought, but it is strongly supplemented by his belief that all human beings are born with similar potential and, most importantly for policymaking, that the inequalities in the world reflect socially generated, rather than natural, disparities.
There is a vision here that has a remarkably current ring. The continuing global relevance of Smith's ideas is quite astonishing, and it is a tribute to the power of his mind that this global vision is so forcefully presented by someone who, a quarter of a millennium ago, lived most of his life in considerable seclusion in a tiny coastal Scottish town. Smith's analyses and explorations are of critical importance for any society in the world in which issues of morals, politics and economics receive attention. The Theory of Moral Sentiments is a global manifesto of profound significance to the interdependent world in which we live.”

Amartya Sen (1933) Indian economist

Amartya Sen, " The economist manifesto http://www.newstatesman.com/ideas/2010/04/smith-market-essay-sentiments", New Statesman (23 April 2010)
2010s

“It is society which, fashioning us in its image, fills us with religious, political, and moral beliefs that control our actions.”

Émile Durkheim book Suicide

Suicide (1897)

“Many a man, who has gone but a few miles from home, understands human nature better, detects motives and weighs character more sagaciously, than another who has travelled over the known world, and made a name by his reports of different countries. It is force of thought which measures intellectual, and so it is force of principle which measures moral greatness.”

William Ellery Channing (1780–1842) United States Unitarian clergyman

Self-Culture (1838)

“When the classical worldview was applied to social science, the dominant notions turned out to be struggle for survival, the profit of the individual, with at best an assumed automatic coincidence of individual and societal good (through Adam Smith's "invisible hand"). When the systemic vision inspires the theories of social science, the values of competition are mitigated by those of cooperation, and the emphasis on individualistic work ethos is tempered with a tolerance of diversity and of experimentation with institutions and practices that foster man-man and man- nature adaptation and harmony.”

Ervin László (1932) Hungarian musician and philosopher

Source: The systems view of the world (1996), p. 12.

“Besides love and sympathy, animals exhibit other qualities connected with the social instincts which in us would be called moral.”

Charles Darwin book The Descent of Man, and Selection in Relation to Sex

volume I, chapter III: "Comparison of the Mental Powers of Man and the Lower Animals — continued", pages 100-101 http://darwin-online.org.uk/content/frameset?pageseq=113&itemID=F937.1&viewtype=image
The Descent of Man (1871)
Context: As man advances in civilisation, and small tribes are united into larger communities, the simplest reason would tell each individual that he ought to extend his social instincts and sympathies to all the members of the same nation, though personally unknown to him. This point being once reached, there is only an artificial barrier to prevent his sympathies extending to the men of all nations and races. If, indeed, such men are separated from him by great differences in appearance or habits, experience unfortunately shews us how long it is before we look at them as our fellow-creatures. Sympathy beyond the confines of man, that is humanity to the lower animals, seems to be one of the latest moral acquisitions. It is apparently unfelt by savages, except towards their pets. How little the old Romans knew of it is shewn by their abhorrent gladiatorial exhibitions. The very idea of humanity, as far as I could observe, was new to most of the Gauchos of the Pampas. This virtue, one of the noblest with which man is endowed, seems to arise incidentally from our sympathies becoming more tender and more widely diffused, until they are extended to all sentient beings. As soon as this virtue is honoured and practised by some few men, it spreads through instruction and example to the young, and eventually through public opinion.

“The highest powers in our nature are our sense of moral excellence, the principple of reason and reflection, benevolence to our creatures and our love of the Divine Being.”

Edward Jenner (1749–1823) English physician, scientist and pioneer of vaccination

The Life of Edward Jenner M.D. Vol. 2 (1838) by John Baron, p. 447

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